Billing, Settlements & Credit PJM manages all aspects of the electric grid and the wholesale market, including the purchase and sale of energy, transmission services and ancillary services. PJM provides weekly and monthly invoices for each market participant. The market settlements and billing FAQs provide an introduction to how charges are billed in the market. Guides Date Guide to Billing: PDF | WEB Contains billing line items, charges/credits and references Credit Overview & Supplement PDF An overview of the credit policy and requirements, and supplement to the Open Access Transmission Tariff, Attachment Q Tariff WEB | PDF - Attachment Q Market Settlements Reporting System Reports Documentation Drivers of Uplift 5-Minute Settlements Update billing contacts in the Membership Management Community Reconciliation Billing Determinants Monthly | Hourly | Daily Billing Determinant Definitions Reconciliation billing determinants are used by PJM to reconcile past months' billings between EDCs and Retail Load Aggregators (a.k.a. Electric Generation Suppliers) for certain allocations that are based on real-time load ratio shares. The reconciliation kWh data supplied to PJM by the EDCs, which represents the difference between the scheduled Retail Load Responsibility InSchedule and the "actual" customer usage based on metered data, are multiplied by the applicable billing determinants to determine the reconciliation billing amounts for each of the following: Scheduling, System Control & Dispatch Service Charges PJM Charges - June 2006 - present Monthly $/MWh rate calculated as PJM's Control Area Administrative Service (Tariff Schedule 9-1) rate, plus PJM's Market Support Service (Tariff Schedule 9-3) rate for transmission customers. Transmission Owner Charges - July 1999 - present Monthly $/MWh rate for each zone as filed in Schedule 1A of the PJM Open Access Transmission Tariff. Regulation Charges Regulation Charges - August 2005 - present Hourly $/MWh rates calculated as total cost of Regulation in applicable PJM Mid-Atlantic or Western Control Zone regulation market divided by total real-time load in that market. Transmission Loss Credits Transmission Loss Credits – June 2007 - present Hourly $/MWh rates calculated as total transmission loss revenues divided by total PJM real-time load plus exports. Synchronized Reserve Charges Synchronized Reserve Charges - May 2006 - present Hourly $/MWh rates calculated as total cost of Synchronized Reserve in the applicable reserve zone divided by the total real-time load in that zone. Network Integration Transmission Service Revenue Requirements & Rates Date August 2021 PDF 8.30.2021 June 2021 PDF 6.1.2021 April 2021 PDF 4.29.2021 March 2021 PDF 3.3.2021 January 2021 PDF 1.21.2021 June 2020 PDF 7.20.2020 May 2020 PDF 5.4.2020 February 2020 PDF 1.30.2020 January 2020 PDF 1.16.2020 Past Years 2020 | 2019 | 2018 PDF THEO, PLC & NSPL Methodology Inventory An inventory of the procedures for calculation of THEO, PLC, and NSPL for each of the electric distribution companies. Formula Rates Network Service Peak Loads Date 2022 PDF 10.12.2021 2021 PDF 11.11.2020 2020 PDF 12.23.2019 2019 PDF 11.27.2018 2018 PDF 11.6.2018 Past Years 2009-2017 PDF Border Yearly Charge Date 2021 XLS 11.30.2020 2020 XLS 12.30.2019 Transmission Enhancement Worksheets 2021 Date August XLS 8.31.2021 June XLS 6.8.2021 April XLS 4.30.2021 March XLS 3.5.2021 January XLS 1.21.2021 Past Years 2020 | 2019 | 2018 | 2017 | 2016 ZIP Form 715 Project Revenue & Cost Allocations 2015-2020* Date Form 715 Project Revenues and Cost Allocations 2015-2020* XLS 9.8.2020 Docket No. ER18-680 Cost Allocations 2018-2020* Date Docket No. ER18-680 Cost Allocations 2018-2020* XLS 9.9.2020 Form 715 and Docket No. ER18-680 Annual Charge and Credit Estimates* Date Form 715 and Docket No. ER18-680 Annual Charge and Credit Estimates* XLS 9.21.2020 *This information is provided for informational purposes only and should not be relied upon by any party for financial settlement or any other purposes. This information may be subject to change or revision as PJM continues to review the calculations for accuracy, or as determined by the Commission in the pending dockets. PJM expressly disclaims any representations or warranties. EL05-121 Settlement Date Current Recovery Charge Transitional Period Summary XLS 7.31.2018 Estimated Current Recovery Charge (1108A) Interest (XLS) 4.1.2019 Transmission Enhancement Charge Adjustments (Black Box) Transitional Period Summary XLS 8.1.2018 Estimated Transmission Enhancement Charge Adjustment (1115) Interest (XLS) 4.1.2019 Detailed Transmission Enhancement Worksheets for Transitional Period (Jan 2016 – June 2018) XLS 7.31.2018 Reactive Supply & Voltage Control Revenue Requirements 2021 Date September XLS 10.5.2021 August XLS 9.8.2021 July XLS 10.27.2021 June XLS 7.7.2021 May XLS 6.4.2021 April XLS 5.5.2021 March XLS 4.6.2021 February XLS 3.3.2021 January XLS 2.8.2021 Past Years 2020 | 2019 | 2018 ZIP Balancing Transmission Congestion Preliminary Billing Data Balancing Transmission Congestion Preliminary Billing Data Preliminary Billing - Ancillary Services Market Data Regulation: PJM Synchronized Reserve: PJM, Day-Ahead Scheduling Reserve, Non-Synchronized Reserve Black Start Revenue Requirements 2021 Date September XLS 10.5.2021 August XLS 9.7.2021 July XLS 8.9.2021 June XLS 7.8.2021 May XLS 6.7.2021 April XLS 5.6.2021 March XLS 4.7.2021 February XLS 3.4.2021 January XLS 2.4.2021 Past Years 2020 | 2019 | 2018 ZIP Contact PJM (866) 400-8980 (610) 666-8980 Other Contacts Email: Credit Group Market Settlements Group Cash Management Group Credit PJM Settlement, Inc. - Credit New to Billing, Settlements & Credits? Market Settlements/Billing FAQs Guide to Billing: PDF| WEB Monthly Billing Statement Example Quick Reference Guide to Market Settlements by Type of Business PDF Subscribe to the Bill Notice Email List Training How billing, settlements and credit work at PJM Market Settlements 101 Market Settlements Advanced Market Settlements Subcommittee (MSS) Upcoming Meetings | Past Meeting Materials Issue Tracking Subscribe to the MSS email list Weekly Billing Calendars Learn how to add the Market Settlements Billing schedule to your personal calendar June 2021 - May 2022 PDF June 2020 - May 2021 PDF All dates - Web version PJM Business Holiday Calendar: 2021 | 2020 PDF Holiday Deadline Extensions: 2021 | 2020 PDF Manuals M-27: Open Access Transmission Tariff Accounting WEB | Current PDF | Redline PDF M-28: Operating Agreement Accounting WEB | Current PDF | Redline PDF M-29: Billing WEB | Current PDF | Redline PDF Agreements Operating Agreement WEB | PDF Open Access Transmission Tariff WEB | PDF Seams Elimination Charge/Cost Adjustment/Assignment (SECA) Refund Report Filing Attachments - 9.18.2017 Final SECA Refund Report PDF Attachment A - SECA Refund Report - User Guide PDF Attachment B - SECA Settlements Chart PDF 6.3.6